Robinhood Markets, Inc. CTO Jeffrey Tsvi Pinner Sells Shares

On March 20th, Jeffrey Tsvi Pinner, the Chief Technology Officer of Robinhood Markets, Inc. (NASDAQ:HOOD - Get Free Report), sold 5,853 shares of the company’s stock. This transaction occurred at an average price of $43.36 per share, totaling $253,786.08. After this sale, Pinner holds 11,706 shares in Robinhood Markets, which have an estimated value of around $507,572.16. This transaction represents a 33.33% reduction in his overall position within the company. Details regarding this sale were made public in a filing submitted to the Securities and Exchange Commission (SEC), accessible via their website.

In recent trades, Pinner has sold additional shares of Robinhood Markets. On March 5th, he sold another 5,853 shares at an average price of $46.81, which brought in a total of $273,978.93. Earlier, on January 27th, he sold 5,876 shares at an average price of $47.82 for a total of $280,990.32. Additionally, on January 6th, he offloaded another 5,876 shares at an average price of $42.64, resulting in $250,552.64.

Robinhood Markets Financial Performance

As of the latest trading session on Monday, Robinhood Markets saw an increase of $4.00, reaching a price of $48.36. The stock displayed a trading volume of 50,563,276 shares, greatly surpassing its average volume of 21,212,648. Currently, Robinhood has a 50-day moving average price of $49.04 and a 200-day moving average price of $37.41. Over the past year, the stock has hit a low of $13.98 and a high of $66.91. The company has a market capitalization of $42.82 billion, showcases a price-to-earnings ratio of 30.80, and a price-to-earnings-growth ratio of 1.05. Furthermore, the stock has a beta of 2.14, indicating its high volatility compared to the broader market.

Quarterly Earnings Report

On February 12, Robinhood Markets released its quarterly earnings report. The company reported earnings per share of $0.54, which exceeded analysts' expectations of $0.41 by $0.13. The company achieved a return on equity of 13.53% and maintained a net margin of 47.81%. Analysts project that Robinhood Markets will have earnings per share of 1.35 for the current fiscal year.

Institutional Investor Activity

Several institutional investors have made modifications to their stakes in Robinhood Markets recently. In the fourth quarter, Wellington Management Group LLP acquired a new stake in Robinhood, valued at approximately $588,000. Kilter Group LLC and Siemens Fonds Invest GmbH also purchased new shares during the same time period, valued at $240,000 and $217,000 respectively. Additionally, Universal Beteiligungs und Servicegesellschaft mbH invested about $4,886,000, while the Employees Retirement System of Texas added $1,609,000 to their stake. Collectively, institutional investors control around 93.27% of Robinhood Markets’ stock.

Analyst Ratings and Recommendations

Numerous analysts have commented on HOOD shares recently. The Goldman Sachs Group provided an upgrade for Robinhood Markets, moving from a "neutral" rating to a "buy" and raising their price target from $40 to $46. Morgan Stanley also increased their price target from $64 to $90, assigning an "overweight" rating to the company. Other firms like JPMorgan Chase & Co. and KeyCorp have similarly adjusted their views on the stock, providing positive ratings and targets above the current price. In total, five analysts rate the stock with a hold, while thirteen suggest a buy. Based on the data from analysts, Robinhood currently holds an average rating of "Moderate Buy" along with an average target price of $61.29.

About Robinhood Markets

Robinhood Markets, Inc. operates a financial services platform in the United States, which allows users to invest in various financial products including stocks, exchange-traded funds (ETFs), options, and cryptocurrencies. The platform provides features like fractional trading, recurring investments, and instant withdrawals, facilitating a seamless investing experience.

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